Submitted by Craig Glennon on Thursday 11th May 2023
Published on Thursday 18th May 2023
Current status: Closed
Closed: Saturday 18th November 2023
Signatures: 38
End the Help to Buy scheme and increase funding for new social housing
The Government needs to stop interfering with the demand side of the housing market, and just concentrate on the supply side. The Help to Buy Scheme has cost tax payers £29 billion, with only 340,000 houses being bought. Reports have found that this scheme has artificially inflated house prices.
The £29 billion spent on the scheme could have been used to supply more social housing, instead of funding the scheme.
This would have helped increase the housing supply. The Government should do more to supply social housing rather than funding the scheme.
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